State and local taxes — or SALT — deduction can make a major difference in how many dollars your household owes or earns come tax season. As finance author and podcast host Suze Orman shared in a blog post, new federal law increases the federal deduction for state and local taxes to $40,000 per household from its previous $10,000 limit, which it will revert back to in 2030. Single tax filers are eligible for $40,000 and married couples filing a joint tax return are also eligible for a $40,000 deduction. Se ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Subscription-based planning firm Facet has added tax preparation and filing to its flat-fee membership plans. Facet has white-labeled technology from april, an embedded year-round tax platform, to bring this capability. This is the latest product added to Facet’s flat-fee membership, which now includes more than 24,000 members with $5 billion in assets. Membership also includes financial plannin ...

Combining $31,200 in annual Social Security benefits with $32,000 in investment income gives you a pre-tax income of $63,200. If you’re single and live in a location with average living expenses, this may be enough to fund a comfortable retirement. According to the Census Bureau , the median real inflation-adjusted income for a householder age 65 or older in 2022 was $50,290, about $12,910 less than what you would have in our hypothetical scenario. However, a financial advisor can help you design a retireme ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Cetera Financial has partnered with an investment bank specializing in the sale of small businesses to provide the firm’s services to its roughly 12,000 financial advisors across affiliation models. Cornerstone Business Services, a Green Bay, Wisc.-based investment bank focused on family and privately-held companies, will now be part of Cetera’s service offerings. The goal is for Cornerstone t ...

Like the old saying goes, a good leader knows when to follow. Integrated Partners’ CEO Paul Saganey may be the founder of the Boston-based RIA and financial planning firm, but he knew when it was time to bring in the reinforcements. “I’ve got amazingly talented people to run the firm, but I spend most of my time coaching advisors and working with our largest clients,” he told Advisor Upside. His newest appointee Andree Mohr — who took over the role of firm president from Saganey last year — handles the da ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Retirement doesn't erase your habits — it tests whether your savings can keep up with them. For the upper class, the goal isn't simply avoiding ramen noodles; it's making sure the standard of living built over decades doesn't shrink once the paychecks stop. And to figure out what that takes, experts look at one critical number: your last working year's income. Setting the Baseline With Your Final Paycheck ...

Older Americans are ramping up their IRA contributions, according to Fidelity's latest retirement analysis study. Advisors say growing anxiety about the possibility of running out of money in retirement is likely driving the surge in contributions. The study, which looked at 17.8 million IRA accounts in the second quarter of 2025, found that IRA contributions have remained flat year over year. But, among Generation X and baby boomer account holders specifically, the contribution rate has increased 25% and ...

Let's talk about it with Mark Dolman. He is helping professional athletes manage and invest their money. He just had a client get drafted, by the way, in the first round of the NBA last night. He's got a pair of first rounders in the NBA from a year ago.And Mark is on set with us. He is a managing director at creative planning which is itself interesting because I don't think of creative planning and Peter and all the great team that you guys have as financial planners being in the sports world but there's ...